As the market readies itself for the official launch of €STR next month, Practice Insight looks into Euribor’s future and why, unlike Libor, the euro interbank rate is not going anywhere fast
€STR, the euro short-term rate, is set for introduction next month. Here the ECB, bankers and lawyers explain how the European market can benefit from lessons learnt in the UK and US
The UK’s individual accountability regime, which represents a ‘huge administrative burden’, will be extended to all areas of financial services by the end of this year
While other areas of the market have handled their Libor to Sonia transition comparatively faster, loans remain problematic. Loan issuers and law firms tell Practice Insight that no one sees it as their responsibility
The deadline for shifting all contracts over from Libor to the UK’s replacement Sonia is fast approaching. As one market participant puts it, if you wait until 2021, there aren’t enough lawyers in the world to help
Not a month goes by without financial regulators delivering a change or update. As complexity continues to increase – be it Mifid II, SFTR, Emir or something else altogether – Practice Insight speaks to market insiders who feel it’s all gone a step too far
With the UK’s exit looming and a high chance of the FCA’s role in shaping the single market’s regulatory framework receding, EU27 authorities tell Practice Insight that they must rally together to strengthen the union
With the race for Tory leadership at full speed and Brexit pushed back until later this year, regulator and buyside sources say they have paused contingency planning for the summer
The new regulation, known as PD3, has introduced some changes but the consensus is that it has missed opportunities to improve essential aspects of the previous regime
